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LBG Media - Sharp recovery

October 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • LBG
  • Price:
  • 83.5p
Back in the January issue when writing on LBG (the digital youth publisher, which now operates 14 brands), I wrote, “an explosive swing factor is set for H2” and so it seems from the latest H1 audience growth figures: Facebook +26%, Instagram +18% and TikTok +66% year-on-year. Content views grew by 87% to 67.1bn despite tough comps from a 38% rise the prior year. That gave rise to revenue of £27.2m, +10%. As CEO Solly Solomou notes, the restructuring last year has shaved its cost base by £3m, which has had an electrifying effect on PBT (tripled to £1.6m), EBITDA (£3m +84%) and margins (ballooned from 6.6% to 11.1%). A large element of sales now comes from short form videos run on Facebook where it gets paid each time a view ...

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LBG Media - Explosive swing factor set for H2 (January 2023)

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